Which of the Following Is an Example of Image Differentiation

question 23

Multiple Choice

Which of the following is an example of image differentiation?

• A) Berry's has an intensive training program for its customer-facing staff, to ensure a consistent service standard.
• B) The Swan Hotels use a distinctive signature fragrance in all outlets so that customers can associate the fragrance with the hotel.
• C) JEK's sophisticated customer database allows the company to handle queries and product returns much faster than competitors.
• D) RTZ shifted its products from supermarket aisles to exclusive stores as it realized that customers were willing to pay more in stores.
• E) Hayley's found success by allowing buyers to customize the color and some features of its appliances before buying them.

Comprehend the nature and significance of commodity money and token money.

Explain the role of banks in the money supply process.

Understand the criteria for something to function as money in an economy.

Understand the concept of glocalization and its significance in the context of globalization.

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Definitions:

High-growth Company

A business that experiences significantly higher than average rates of growth in revenue or other critical metrics.

Realization

The moment when a planned or expected outcome becomes reality, often used in the context of recognizing revenue or gains in business.

Stakeholders

Individuals or groups that have an interest, concern, or stake in an organization and its activities, including employees, customers, suppliers, investors, and the community.

Long-term Equity

Investment in stocks or shares that are held for an extended period to benefit from their potential growth in value over time.